Companies have a new resource by which to assess the level of bribery and corruption risk in the countries where they operate—one that promises to be more meaningful to global companies than Transparency International’s widely used Corruption Perception Index.
TRACE International, a non-profit business association, has launched the TRACE Matrix, a bribery risk index specifically tailored to the needs of companies. Developed in collaboration with research firm RAND, the TRACE Matrix not only ranks each country based specifically on business-related bribery risk, but also describes specific risk factors unique to each country, so that compliance departments can tailor their limited budgets and resources accordingly.
